Berlin, 31 December : .The Institute for Employment Research has stated that Germany’s unemployment will rise slightly in the coming months.The Omicron variant of coronavirus continues to extend the crisis.Enzo Weber (Head of IAB’s research department forecasts, and macroeconomic analysis) said that this is especially important for long-term unemployed.
According to the Federal Employment Agency’s research institute, December saw a 2.4 point drop in the IAB labor market indicator to 101.5.This was the fourth monthly decrease and the largest fall since April 2020.
Both the components of this barometer dropped significantly.The initial indicator of the state of Germany’s labor markets fell by 2.6 points, falling below the median mark of 100 points.This was the first such drop in over a year.According to Xinhua, the current employment indicator fell by 2.6 points and was at 104.1 in December.
IAB stated that the “employment trend is therefore flattening out but still remains positive”.
Weber stated that the labor market would not be affected by another lockdown and stressed that there were many German businesses still keeping their employees.
According to BA, the number of people without jobs in November fell by 382,000 annually to 2.317 millions.Month-on-month, the unemployment rate dropped by 0.1% to 5.1%.
int/khz/
#Germanys #Omicron #Coronavirus
